Axie Infinity Co-Founder Says Blockchain Game Plans to Launch Decentralized Exchange – Blockchain

Sky Mavis, the team that developed the Ethereum-powered non-fungible token (NFT) game Axie Infinity, revealed the project's plans to launch a decentralized exchange (Dex), according to the company's co-founder Jeff Zirlin during a podcast with Frank Chaparro. Additionally, Axie Infinity recently reached over $2 billion in NFT sales, making it the second-largest project in terms of NFT sales, just below marketplace Opensea.

Axie Infinity plans to launch a Dex platform

The Axie Infinity The economy has swelled exponentially in recent months as the Ethereum-powered game generated $2.27 billion in sales from 687,495 merchants. While the project offers an in-game experience with NFTs, Axie Infinity also has two native token assets. The token asset Ax Infinity (AXS) has increased in value by 55.4% in the last month. Meanwhile, Axie Infinity's other native token Smooth Love Potion (SLP) is up 98.7% against the US dollar year-to-date.

Jeff Zirlin appeared on the podcast The shovel in Episode 61 with host Frank Chaparro and he revealed that Sky Mavis is creating a decentralized exchange platform (Dex).

“The basic idea of ​​Axie is to introduce the world to a kind of scary and fun, exciting new technology, the blockchain, through something that is relatable and nostalgic,” Zirlin explained. "So Axies are similar to Pokémon or Tamagotchi, with these things that we grew up with, you can fight them, collect them, you can breed them. Even play games with them to earn cryptocurrencies with real value."

“Web3 turns communities into economies”

When talking about building the Dex, Zirlin mentioned that the project would benefit from its large and established user base. When asked whether the Dex platform would enable concepts such as liquidity pools, Zirlin said he would neither confirm nor deny whether this feature will be available.

The Axie Infinity dex will enable trading of tokens such as AXS and SLP within the project's user base. Meanwhile, statistics show Dex platforms like Uniswap, Pancakeswap, Sushiswap, Curve and more regularly see billions of dollars worth of crypto swaps.

Zirlin further emphasized during the podcast that the idea was to design it so that users don't have a Cross chain bridge Purchase or exchange tokens. The co-founder of Axie Infinity sees a lot of potential in “hyper-social” game concepts that merge with blockchain and NFTs in the future, but not in every game.

"Web3 turns communities into economies, and what games would really do well with these digitally native economies? I think games that are very social or hypersocial - Not every game, like a single-player game, may not need a blockchain or NFT game. More like community-driven truly social games."

What do you think about Sky Mavis adding a Dex to the online crypto game Axie Infinity? Let us know your thoughts on this topic in the comments below.

Photo credits: Shutterstock, Pixabay, Wiki Commons, axieinfinity.com